Duttagupta, Rupa; Sun, Yan - International Monetary Fund (IMF) - 2008
stability, and analyzes whether absolute Purchasing Power Parity (PPP) holds within the currency union. It shows that U.S. price … the U.S. dollar at the same rate for more than three decades. This paper examines the influence of the peg on ECCU price … stability has helped anchor price movement in the ECCU. As the same time, inflation in the ECCU is not entirely imported from …